Amendments have been made to the Criminal Code of the Russian Federation and the Criminal Procedure Code of the Russian Federation, aimed at countering corruption and increasing responsibility for violations of the legislation of the Russian Federation in the financial and banking sphere

The President of the Russian Federation signed the Federal Law of 27.12.2018 No. 580-FZ “On Amendments to the Criminal Code of the Russian Federation and the Criminal Procedure Code of the Russian Federation”. The amendments to the Criminal Code of the Russian Federation are aimed at countering corruption and increasing responsibility for violations of the legislation of the Russian Federation in the financial and banking sector. In particular, criminal liability is established for such acts as entering into the register of owners of securities or in the depository accounting system of knowingly incomplete or inaccurate information, falsification of financial accounting and reporting documents of a financial organization, committed by a group of persons by prior agreement or organized group, non-inclusion documents of information about funds placed by individuals and individual entrepreneurs.